Document background
The Compliance Auditing and Monitoring Policy serves as a fundamental governance document for organizations operating in the Philippines, establishing systematic approaches to ensuring regulatory compliance and risk management. This policy becomes essential when organizations need to demonstrate robust compliance programs to regulators, establish clear internal controls, and maintain consistent monitoring of compliance obligations. The document typically includes comprehensive procedures for risk assessment, monitoring protocols, reporting mechanisms, and remediation processes, all aligned with Philippine regulatory requirements including the Revised Corporation Code, Data Privacy Act, and industry-specific regulations. It's particularly crucial for organizations operating in regulated industries or those seeking to establish or enhance their compliance framework.
